5, COLVIN CLOSE, COLCHESTER, CO3 4BS - £595,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 COLVIN CLOSE is a very large extended detached house of 156m², built sometime between 1967 and 1975. It was last sold for £595,000 in August 2021, which was around 30% above the average August 2021 detached price in the Colchester local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was B.

5 COLVIN CLOSE Sold Prices

Land registry data shows three sales for 5 COLVIN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 5 COLVIN CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 20 AUG	£595,000	£456,042	30% above HPI
2015 31 JUL	£375,000	£349,277	7% above HPI
2001 20 MAR	£180,000	£151,192	19% above HPI

5 COLVIN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Colchester local authority area over time, sourced from the HPI. The three 5 COLVIN CLOSE sales between March 2001 and August 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2015 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the August 2021 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 5 COLVIN CLOSE?

5 COLVIN CLOSE is 156m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the largest 20% of detached houses in Colchester, based on EPC data. The below chart shows the distribution of detached houses by size in Colchester, and where 5 COLVIN CLOSE lies on this distribution: 83% of detached houses are smaller than 5 COLVIN CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Colchester.

5 COLVIN CLOSE: Plot and Title Map

5 COLVIN CLOSE sits on a plot of roughly 0.169 of an acre, or 684m². The below map shows the location of 5 COLVIN CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 COLVIN CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 COLVIN CLOSE?

5 COLVIN CLOSE is located in COLCHESTER, in the CO3 postcode district. The below map shows the position of No. 5 on COLVIN CLOSE.